Share Market News Today | Sensex, Nifty, Share Prices LIVE: Markerts extended losses on Tuesday as indices opened on negative note on December 14 dragged by weak global markets. The S&P Sensex was down 382.96 points or 0.66% at 57,900.46, and the Nifty was down 109.60 points or 0.63% at 17,258.70. ITC, Cipla, HDFC Life, SBI Life Insurance and Power Grid Corp were among major gainers on the Nifty while Bajaj Finance, Tata Motors, Infosys, HDFC and Shree Cements were the laggards.
Shares of Anand Rathi Wealth will list on the stock exchanges today. The Rs 660 crore IPO, which was entirely an Offer For Sale (OFS) by existing shareholders, was subscribed to by investors 9.78 times. Investors were offered shares of Anand Rathi wealth earlier this month in a fixed price band of Rs 530-550 per share. The IPO saw Qualified Institutional Buyers (QIB) bid for their portion 2.5 times while Non-Institutional Investors (NII) bid for their quota 25.42 times. Retail investor’s portion was subscribed 7.76 times and the employee portion was bid for 1.32 times. The grey market premium for the issue slumped to around Rs 50 per share on Monday, down from its highs of over Rs 100 apiece earlier.
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Read More: Share Market LIVE: Sensex trims opening loss, down 150 points, Nifty back above 17,300;